California's Silver Lining

Fine, Jacob
January 2001
Bond Buyer;01/31/2001, Vol. 335 Issue 31067, p1
Trade Publication
Reports on a silver lining for investors holding bonds backed by Pacific Gas & Electric Co. and Southern California Edison while hoping for a successful resolution of California's electric power crisis. Help provided by a wave of refundings since 1993 that restructured majority of the companies' revenue bonds; Effect of deregulation; Variable-rate debt seen as a safe haven for players; Risk in California bond funds.


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